Description

Synchrony Financial is a U.S.-based consumer finance company offering a diverse range of financial services. Its core business involves providing various credit solutions, including private label, co-brand, dual, and general-purpose credit cards, commercial credit products, and both short and long-term consumer installment loans. Beyond credit, Synchrony also manages deposit products for retail and commercial clients, such as certificates of deposit (CDs), individual retirement accounts (IRAs), money market accounts, and savings accounts; it also accepts deposits via third-party securities brokerage firms. The company makes debt cancellation programs available to its credit card holders through online, mobile, and direct mail channels. Furthermore, Synchrony specializes in targeted financing and payment solutions. This includes healthcare financing under brands like CareCredit, Pets Best, and Walgreens, as well as payment and financing options for the apparel, specialty retail, outdoor, music, and luxury industries. It also provides point-of-sale consumer financing for audiology products and dental services. Its credit products are distributed through strategic partnerships with a broad network of national and regional retailers, local merchants, manufacturers, buying groups, industry associations, and healthcare service providers. Deposit products are accessible via various digital and print channels. Synchrony serves numerous sectors, including digital commerce, health and wellness, retail, home improvement, automotive, powersports, jewelry, and pet care. Established in 1932, Synchrony Financial is headquartered in Stamford, Connecticut.